article thumbnail

More Australians lose trust in supermarket pricing, ACCC says

Inside Retail

. “These difficulties reportedly arise from some of the pricing practices of some supermarkets, such as frequent specials, short-term lowered prices, bulk-buy promotions, member-only prices and bundled prices.”

article thumbnail

10 Different Techniques to Try to Increase High-End Retail Sales

Retail Focus

Leverage Programs and Promotions Offer creative promotions to entice customers to buy. Use Strategic Pricing Create pricing strategies that reflect the value of your products and services. For example, consider bundling, price breaks, and discounts. Make sure these people have an audience in your niche.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Price for Long-Term Growth and Profit

Wiser

We tend to think of pricing as its own distinct practice. You develop a product, produce it, promote it, and sell it. In reality, a pricing strategy needs to be baked into the entire process. If that’s the case, does the pricing reflect the value? Bundle Pricing. Bundling is versatile.

article thumbnail

Product Bundling: What It Is and How to Bundle like a Pro

Wiser

What About Product Bundling Pricing? Of course, how you price your packages can play a major role in the success of those deals. Importantly, your offer doesn’t have to be priced drastically lower than the sum of the individual products sold separately—not if there are other reasons why the bundle exists.

article thumbnail

10 Leading Strategies for Pricing New Products (2021)

Retalon

Setting initial pricing high may discourage customers or may create the impression of premium quality. Low prices, while more accessible, could permanently mark the product as a commodity. Pricing determines your long-term profitability. Low prices leave little room for promotions or end-of-lifecycle markdowns.

article thumbnail

Maximizing Sales with Effective Retail Shelving

CJ Retail Solutions

By strategically positioning gondola shelves, retailers can create aisles and sections that highlight specific product categories or promotions, making it easier for customers to navigate the store and find what they are looking for. For example, retailers may use pricing tactics such as charm pricing (e.g.,

article thumbnail

Maximizing Sales with Effective Product Merchandising

CJ Retail Solutions

Product merchandising is a critical component of retail operations, focusing on the strategic presentation and promotion of goods to stimulate customer interest and drive sales. By promoting specific items, retailers can efficiently manage stock levels and reduce excess inventory.